Fleet Farm & Chase Bank — Sale in Germantown, WI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Germantown, WI 53022

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Description

This outstanding two-tenant retail asset features a full-size Fleet Farm store totaling approximately 177,803 square feet and a recently constructed Chase Bank totaling approximately 3,245 square feet, with both parcels totaling 17.83 acres. The offering is secured by a long-term 20-year lease with Fleet Farm a strong Midwest retailer with a cult like following. Fleet Farm accounts for 94.7% of the total NOI. The Fleet Farm lease commenced in December 2021 and features 15.6 years of firm term today. The tenant’s lease calls for 2.00% annual increases and 4 (5-Year) options, offering exceptional income stability and a hedge against inflation. This offering represents an unparalleled chance to acquire a state-of-the-art Fleet Farm and a brand-new construction Chase Bank in an expanding and affluent Milwaukee suburb. Both tenants offer secure long-term leases, with rental increases and options in a market with limited big-box availability.

Market Context

This commercial property in Germantown, WI is listed for sale. Compare it against other commercial property listings for sale in Germantown, WI — view the full market.

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